BTC Lost the Channel – Breakdown ConfirmedBitcoin all time history indexINDEX:BTCUSDCryptocurrencyWatchGroupBTC has officially broken down from the rising channel that was forming through December and January. That structure is now invalid. Price rejected near the upper trendline around the 95K–100K area and rolled over hard, slicing through support and accelerating to the downside with strong volume. We are now consolidating around the $67K area, inside a short-term range. Key levels to watch: 🔹 $76K–$77K – Major resistance (previous breakdown level) If BTC can’t reclaim this zone, bears stay in control. 🔹 $60K–$61K – Local low If this level breaks, downside opens fast. 🔹 $53K – Next major support Below that, the measured move projects toward the $47K zone (around -26% from the range high). Trend structure: Price is below the moving averages Lower highs and lower lows confirmed Volume expanded on the selloff Bull case: BTC must reclaim $76K and hold above it to shift momentum and invalidate the breakdown. Until that happens, this looks like a bearish continuation setup.